Tri-Cities Office Depot stores won't close
Dec 11, 2008 at 12:00 AM
Office Depot stores in Kingsport, Johnson City and Bristol, Va., are not among 112 the office supply chain is closing.
“None of these stores will be closing,” Elizabeth Summers, manager of communications for Office Depot in Boca Raton, Fla., wrote in a Wednesday afternoon e-mail.
The company last Thursday announced the closure of 112 underperforming retail stores in North America over the next three months, which will reduce the North American store base to 1,163.
The stores to be closed are 45 located in the Central United States, 40 in the Northeast and Canada, 19 in the West, and eight in the South.
In addition, 14 stores will be closed through 2009 as leases expire or other lease arrangements are finalized. New store openings for 2009 have been reduced to approximately 20, down from the previous estimate of 40 stores.
The chain also plans to close six of its 33 distribution facilities in North America.
Office Depot provides products and services to its customers through 1,705 worldwide retail stores, a dedicated sales force, catalogs and a $4.9 billion e-commerce operation. Office Depot has annual sales of approximately $15.1 billion and employs about 49,000 associates around the world.